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Dec 30, 2013
12/13
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. >>> the obama administration says more than 1.1 million people have signed up for health insurance through the government's website. the overwhelming majority have come this month. experts say the enrollment should be over 2 million once the states report their numbers. that would be short of the goal of 3.3 million by december 31st. righters suggest the white house is being pushed to hire a ceo to run the federal insurance exchange. that person would be responsible for roles in technology as well as coordinating with insurers and state regulators. the administration says the idea isn't being considered. >>> we'll take a short break. still to come, underground nuclear tests and an execution. we'll look at north korea's moves that had the rest of the world on the edge of its seat. [ male announcer ] for every late night, every weekend worked, every idea sold... ♪ ...you deserve a cadillac, the fastest growing full-line luxury brand in the united states. including the all new 2014 cadillac cts, motor trend's 2014 car of the year. get the best offers of the season on our award winni
. >>> the obama administration says more than 1.1 million people have signed up for health insurance through the government's website. the overwhelming majority have come this month. experts say the enrollment should be over 2 million once the states report their numbers. that would be short of the goal of 3.3 million by december 31st. righters suggest the white house is being pushed to hire a ceo to run the federal insurance exchange. that person would be responsible for roles in...
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Jun 20, 2013
06/13
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francisco sanchez is the director of commerce in the obama administration. it will be interesting to see how he sees the growth of the economy going in the united states. packed show here. i'm sure you've got some time for other stuff as well. >> nice to see they've got you a desk. you look comfy. >> it's absolutely enormous. i have to tell you, i've been sharing this for the last 3 1/2 hours with another anchor. >> it's emotional being there with you, no doubt. >> i'm told it's very emotional. some of those emotions border on anger sometimes. >> we look forward to today and tomorrow as well. plenty more to come out. we'll catch you a little bit later. let's get a final hit on the market. your own version on the united states. let's just pick up on this point. the fed is better -- the fed has got it right. do you think they have? >> i think they've got some. i think the difficulty we're seeing in the u.s. is what they have to do -- their main focus in terms of meeting the stimulus is on the unemployment rate. what they're looking for is 6.5% unemployment and
francisco sanchez is the director of commerce in the obama administration. it will be interesting to see how he sees the growth of the economy going in the united states. packed show here. i'm sure you've got some time for other stuff as well. >> nice to see they've got you a desk. you look comfy. >> it's absolutely enormous. i have to tell you, i've been sharing this for the last 3 1/2 hours with another anchor. >> it's emotional being there with you, no doubt. >> i'm...
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Aug 5, 2013
08/13
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the obama administration has overturn add u.s. trade panel's ban on the sale of some older iphones and ipads. this move reverses a ruling that had favored samsung over apple in that long running patent battle. the u.s. trade representative says that the decision was based in part on the effect of the competitive conditions in the u.s. economy and the effect on u.s. consumers. this is big news, though. shares of samsung were actually down overnight. just about 1%. e
the obama administration has overturn add u.s. trade panel's ban on the sale of some older iphones and ipads. this move reverses a ruling that had favored samsung over apple in that long running patent battle. the u.s. trade representative says that the decision was based in part on the effect of the competitive conditions in the u.s. economy and the effect on u.s. consumers. this is big news, though. shares of samsung were actually down overnight. just about 1%. e
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Sep 10, 2013
09/13
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for the obama administration in particular, sth a god send. it gives them a few more days, it gives them a few more days on capitol hill and it gives the international community a way out. >> yeah. how does this -- does this give obama a way out from his red line? >> i think it certainly gives him some time on the red line. he's been treading water over the last couple of weeks, as you can see, but also when you talk about this as a real feasible plan, you have to evaluate how easy it would be to actually go into a war torn country. this is a country in the middle of a civil war. how easy would it be to go in there and remove these chemical weapons? how would we know that we got all of them? lots of questions. >> i wonder what they're thinking about this in iran. >> i think certainly that they've been gauging public opinion in the united states, they've been watching how this has been playing in the media and the more time they can gain, the better. >> thanks so much, indeed, for that. >>> coming up, feeling the economy, the rumors continue to
for the obama administration in particular, sth a god send. it gives them a few more days, it gives them a few more days on capitol hill and it gives the international community a way out. >> yeah. how does this -- does this give obama a way out from his red line? >> i think it certainly gives him some time on the red line. he's been treading water over the last couple of weeks, as you can see, but also when you talk about this as a real feasible plan, you have to evaluate how easy...
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May 21, 2013
05/13
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. >>> and the obama administration faces another issue in congress over the irs scandal. new questions over who, what and when. find out more when we come back. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] . >>> at least 51 people have been killed in oklahoma after a two-mile wide tornado rips through the state. >>> jpmorgan shareholders get ready to vote on whether jamie dimon can remain at both ceo and chairman. >>> and apple is being accused of avoiding taxes through offshore entities. >>> western economies are hooked on economic painkillers and they never recover from the financial crisis. just some of the glimpse painted in the new current guests stephen king. this suggests the previous -- in the western world is down to a series of powerful one off factors. look, when the money runs out, things that we expect tomorrow, pen
. >>> and the obama administration faces another issue in congress over the irs scandal. new questions over who, what and when. find out more when we come back. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] . >>> at least 51 people...
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Jul 2, 2013
07/13
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and in a statement, snowden says the obama administration is persecuting him by revoking his passport and making him a status person. the justice department says snowden is free to return home. ecuador's president told the guardian that granting snowden a temporary travel pass was a mistake and he's now russia's problem. the kremlin says snowden has withdrawn his request for asylum in russia after the president vladimir putin said he should stop harming our american partners. >>> the fed holds an open meeting at 9:30 to finalize the plans to boost u.s. banks required capital. officials say the new regulations are specifically designed as an incentive for banks for smaller or less profitable for them to be bigger. >>> the heat wave continues to keep hold over much of the western u.s. with relief not expected for another day or two. california's power grid operator issued a rare plea for customers in the northern part of the state to conserve power in anticipation of a spike in the use of air conditioning. in arizona, temperatures cooled off to 111 degrees, but a wildfire that killed 19
and in a statement, snowden says the obama administration is persecuting him by revoking his passport and making him a status person. the justice department says snowden is free to return home. ecuador's president told the guardian that granting snowden a temporary travel pass was a mistake and he's now russia's problem. the kremlin says snowden has withdrawn his request for asylum in russia after the president vladimir putin said he should stop harming our american partners. >>> the...
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Apr 29, 2013
04/13
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i think it was certainly the case that the obama administration has less interest in getting actively involved militarily in syria than some parts of the republican party, including senator mccain. but it's really -- you can't do the right thing in this. there's no real easy answer out of this. so i think saying that that red line was a problem and now that it's been crossed is really kind of the crime over spilled milk at this point. what we have to deal with is the current situation and the regime going forward. >> how does this situation then evolve right now, david? >> certainly we're seeing attempts too try and create an international solution to this. but it's quite clear that russia and china ma have no interest in active involvement in the u.n. so it's probably going to come down to a nato action or even a u.s.-led action to deal with this situation. and it will be very interesting to see what the obama administration is able to do with western europe as all these countries want to avoid a grouped conflict significantly. >> does that mean they -- actually, all that happens is
i think it was certainly the case that the obama administration has less interest in getting actively involved militarily in syria than some parts of the republican party, including senator mccain. but it's really -- you can't do the right thing in this. there's no real easy answer out of this. so i think saying that that red line was a problem and now that it's been crossed is really kind of the crime over spilled milk at this point. what we have to deal with is the current situation and the...
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Nov 29, 2013
11/13
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now, the obama administration is making a big change to health ca care.g care.gov. it's twitching from verizon to hp after outages across the system. the centers for medicare and medicaid services which oversees healthcare.gov says its contract was set to end in march, but they started taking new bids. the white house has promised to have the site working smoothly for most users by this weekend. verizon stock in frankfurt down around 0.2%. hewlett packard up 0.2%. >>> still to come, uk home builders got hit hard after the bank of england's surprise by scrapping the lending scheme for mortgage finance. we'll look at the latest mortgage data, discuss the implications of that move and get into the latest currency moves, as well. >>> down to a five-year low against the euro today after the bank of japan governor said the japanese central bank had no plan to monetize monetary policy. he did stress japan is aimed solely at meeting its 2% inflation targets. the announcement came in october. dollar/yen meanwhile is at a six-month low against the dollar at 102.61. orich, goo
now, the obama administration is making a big change to health ca care.g care.gov. it's twitching from verizon to hp after outages across the system. the centers for medicare and medicaid services which oversees healthcare.gov says its contract was set to end in march, but they started taking new bids. the white house has promised to have the site working smoothly for most users by this weekend. verizon stock in frankfurt down around 0.2%. hewlett packard up 0.2%. >>> still to come, uk...
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Oct 29, 2013
10/13
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but nbc news is reporting the obama administration knew for several years the majority of people who buy their own health coverage wouldn't be able to keep this happen their policies under obama care. nbc says those forced to buy new insurance may experience sticker shock from higher premiums. when the law was passed in march of 2010, it was supposed to grant grandfather in existing policies, even if they didn't comply with the rules. but that same year, the department of health and human services rewrote some regulations essentially getting rid of the grandfather exemption. now, the white house isn't disputing the report, but tells nbc most individual policyholders should receive better health coverage that's more affordable thanks to government subsidies. the administration says no policy will be canceled due to pre-existing medical conditions. now, congress will get the chance today to grill the top administration official closest to the rollout of the troubled obama care website. medicare chief marilyn tavenner will testify before the house ways and means committee about wa went
but nbc news is reporting the obama administration knew for several years the majority of people who buy their own health coverage wouldn't be able to keep this happen their policies under obama care. nbc says those forced to buy new insurance may experience sticker shock from higher premiums. when the law was passed in march of 2010, it was supposed to grant grandfather in existing policies, even if they didn't comply with the rules. but that same year, the department of health and human...
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May 13, 2013
05/13
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. >>> the obama administration is unlikely to make a decision on the controversial keystone pipeline until later this year. they'll export petroleum products from canada to nebraska. they say president obama isn't rushing the process. they will weigh the impacts on the environment. they have several stages to work through, including one that hasn't begun yet and could run for months. >>> detroit's emergency manager will issue his report today with several recommendations to help them avoid financial collapse. in a statement kevin orr says the path they have followed for more than 40 years is unsustainable and requires a complete restructuring. the report says bankruptcy remains an option but he hopes to avoid that by cutting costs such as temporary health care and pension and selling city assets. detroit has a junk level rating of more than $15 million in debt. bloomberg is reporting that everyone does it. they got caught. the response is coming on "worldwide exchange." e-mail or tweet us at ross westgtate. and still to come on the second half of "worldwide exchange", european centra
. >>> the obama administration is unlikely to make a decision on the controversial keystone pipeline until later this year. they'll export petroleum products from canada to nebraska. they say president obama isn't rushing the process. they will weigh the impacts on the environment. they have several stages to work through, including one that hasn't begun yet and could run for months. >>> detroit's emergency manager will issue his report today with several recommendations to...
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Apr 22, 2013
04/13
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so the tension is going to focus on the obama administration and following this. we saw during the presidential election campaign mitt romney continually criticized the president being soft on terrorism inspect.. >> and the benghazi incident where it seemed they -- responding to the threat sfp. >> the obama administration was reluctant to use the word terrorism and link it with al qaeda. we saw that a little bit last week, a day before the word "terrorist" was used. this is the line the republicans will use against the president, that he's soft on terror. we're already seeing senior republicans accusing the fbi of dropping the ball on this one, senator lindsay graham and senior members of the house. >> are they justified? is there any way of knowing how many threats like this come into the u.s. on a daily, even hourly basis, and whether in the grand scheme of thing this one ought to have raised the flags? >> i'm not privy to the particular piece of intelligence on this. i imagine obviously they would have thousands of these and things on an annual basis. lindsey g
so the tension is going to focus on the obama administration and following this. we saw during the presidential election campaign mitt romney continually criticized the president being soft on terrorism inspect.. >> and the benghazi incident where it seemed they -- responding to the threat sfp. >> the obama administration was reluctant to use the word terrorism and link it with al qaeda. we saw that a little bit last week, a day before the word "terrorist" was used. this...
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Nov 4, 2013
11/13
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there are a number of committees looking into this. >> do you think the obama administration can use obama care at some point to become a public -- a positive public relations exercise? >> well, it just depends. they really need to get a lot of people in. if you start getting people in who can find insurance and they feel good about the affordability of it, certainly then that becomes a testament, but at the moment they really have really big hurdles to overcome with this main way for people to sign up in some 36 states. just yesterday on the sunday shows obama administration was kind of, you know, talking down some expectations on enrollment numbers. one of the white house advisors yesterday saying i can promise you the numbers are going to be low when they finally do start reporting them later this month. >> bertha, thank you very much for the update there. >>> here are your headlines today. the end game for sac capital's saga. they learn the hedge fund could sign a deal today. >>> hsbc predisabilities growth in asia as they predict a 30% rise in pretax profit. >>> and what next fo
there are a number of committees looking into this. >> do you think the obama administration can use obama care at some point to become a public -- a positive public relations exercise? >> well, it just depends. they really need to get a lot of people in. if you start getting people in who can find insurance and they feel good about the affordability of it, certainly then that becomes a testament, but at the moment they really have really big hurdles to overcome with this main way...
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Dec 13, 2013
12/13
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and the obama administration is encouraging insurers to start that coverage, even if applicants miss the deadline by a few days in terms of their payments. that's the big deadline extension. they are now giving people up until december 311th to submit a payment and encouraging the insurers to go ahead and have their coverage start on january 1st. that's a really tough turn around with that payment coming in just one day before it's supposed to start. they pay their first month's premium, maybe a few days after if insurers want to, they can retroactively give them coverage starting from january 1st. some companies have already started making changes to accommodate the stalled enrollments on obama care because of the website problems. lena is considering being more flexible as people wait to sign up until after december 23rd. molina is going after the lower income folks who might go back and forth between their plan and their medicaid plan. so they're trying to be as accommodative as they can as they try to gain market share. the government said this week, it's starting to see an uptic
and the obama administration is encouraging insurers to start that coverage, even if applicants miss the deadline by a few days in terms of their payments. that's the big deadline extension. they are now giving people up until december 311th to submit a payment and encouraging the insurers to go ahead and have their coverage start on january 1st. that's a really tough turn around with that payment coming in just one day before it's supposed to start. they pay their first month's premium, maybe...
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Mar 20, 2013
03/13
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the obama administration made it clear that it's a listening tour and he'll speak to israeli and palestinian officials to get the lay of the land of where they see the future of the region but that being said, secretary of state john kerry is also here at the moment in jerusalem. he will be making these meetings and these rounds as well. he'll stay in the region after president obama leaves. he'll come back to jerusalem, speak to israeli officials about possibly starting peace talks -- starting peace talks again to find resolution when it comes to israeli/palestinian issue. it will be interesting to see what president obama says tomorrow when he speaks in front of hundreds of israeli students. he's made some strong words in the past condemning settlement construction in the occupied territories of the palestinians in the west bank. interesting to see what he has to say to these israeli students tomorrow. kelly? >> great stuff. thanks very much for that. straight ahead on the program, the internet isn't a vending machine. that's according to our next guest. he's the ceo of e-commerce giant. f
the obama administration made it clear that it's a listening tour and he'll speak to israeli and palestinian officials to get the lay of the land of where they see the future of the region but that being said, secretary of state john kerry is also here at the moment in jerusalem. he will be making these meetings and these rounds as well. he'll stay in the region after president obama leaves. he'll come back to jerusalem, speak to israeli officials about possibly starting peace talks -- starting...
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Sep 9, 2013
09/13
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would you support military action by the obama administration even if the american congress does not vote for that action? and then a question for secretary kerry, sir, would the obama administration consider releasing still more intelligence or perhaps the physical evidence of sarin use which you have not provided to counter mr. assad's assertions? is there any concrete information that links him to the attack? do you have such information or not? do you think it matters if you don't have such information? thank you. >> on the first part of that question, you can gather from some of my opening remarks that the u.k. is heavily engaged in many other ways in trying to address the problems that are being thrown up by the crisis in syria. the prime minister convened the meeting of the g-20 of nations and organizations looking at how we seriously ramp up the humanitarian assistance, renewed diplomatic efforts on getting humanitarian access which has been one of the great problems. this is a regime that actually tries to prevent humanitarian aid from getting to its own people, removes medi
would you support military action by the obama administration even if the american congress does not vote for that action? and then a question for secretary kerry, sir, would the obama administration consider releasing still more intelligence or perhaps the physical evidence of sarin use which you have not provided to counter mr. assad's assertions? is there any concrete information that links him to the attack? do you have such information or not? do you think it matters if you don't have such...
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Oct 3, 2013
10/13
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the nrf says it things on whether congress and the obama administration are able to resolve their differences over the government shutdown as well as the looming debt ceiling debate. joining us from cnbc states is jan niven. good to see you. thanks much indeed for coming in. how do you think we're set here ahead of the holiday season with this government shutdown? >> well, i think retailers are a little less optimistic looking for 3 plus and estimates all over the board. shopper trak came at 3.4%. i think we've had a tough back-to-school season. all the money has been going into houses and cars and tech, so in general, retailers are going to inventory, leanly, they'll hire as few people as possible. they're going to hunker down and hope we don't have a debt limit issue that's a big problem just like the continuing resolution has been a big problem. none of this is going to help retail and we have the shortest retail selling season for holiday we can get so nothing is going the right way at the moment for retail sales for christmas? what you just said based on the assumption this government sh
the nrf says it things on whether congress and the obama administration are able to resolve their differences over the government shutdown as well as the looming debt ceiling debate. joining us from cnbc states is jan niven. good to see you. thanks much indeed for coming in. how do you think we're set here ahead of the holiday season with this government shutdown? >> well, i think retailers are a little less optimistic looking for 3 plus and estimates all over the board. shopper trak came...
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Aug 30, 2013
08/13
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his comments come after the obama administration held a conference call last night. officials told members of congress they had intercepted communications proving assad's regime carried out the chemical weapons attack. they're expected to wait for final report from the u.n. inspectors, due to leave syria on saturday before deciding on the next course of action. hadley gamble is with us on set. julian is still with us as well. it is interesting, these comments from hollande. are we looking -- do you think the prospect of french, coordinated french and u.s. military action. haven't seen that for a while. >> we haven't seen that for a while. what i'm looking at now is the risk appetite, despite the rhetoric from germany, france and david cameron, despite the rhetoric from leaders, the risk appetite for any kind of action in syria is low when it comes to the people of these countries. i think that for the u.s., they're still going to have to consider the possibility of going it alone and understanding why they're going to have to do that because this is now much more of
his comments come after the obama administration held a conference call last night. officials told members of congress they had intercepted communications proving assad's regime carried out the chemical weapons attack. they're expected to wait for final report from the u.n. inspectors, due to leave syria on saturday before deciding on the next course of action. hadley gamble is with us on set. julian is still with us as well. it is interesting, these comments from hollande. are we looking -- do...
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Jul 11, 2013
07/13
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this has been an obama administration priority in terms of reshoring. and i think this is a real demonstration of not just global companies looking at the u.s., as the best risk adjusted return on investment. the best destination for the capital, but u.s. firms continuing to reassess the situation and looking at the u.s. market, which is not just for domestic, for b to b, b to c plays but for us as an export platform as well. >> we mentioned the u.s. is getting much cheaper energy. that's a big competitive advantage compared to cost of energy in europe. how much is the rising wage levels in what has been low cost centers also having a plan. what are the biggest factors for that reshoring. >> i think there is certainly wage levels are rising in other parts of the world and makes the u.s. seem even more attractive. but it is not just wages. it is that energy cost, it is the transportation cost. listen, u.s. companies, global companies that have been manufacturing abroad to serve the u.s. market are increasingly seeing it makes more sense to do that manufa
this has been an obama administration priority in terms of reshoring. and i think this is a real demonstration of not just global companies looking at the u.s., as the best risk adjusted return on investment. the best destination for the capital, but u.s. firms continuing to reassess the situation and looking at the u.s. market, which is not just for domestic, for b to b, b to c plays but for us as an export platform as well. >> we mentioned the u.s. is getting much cheaper energy. that's...
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Feb 20, 2013
02/13
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within the boirvegz you had the commerce department -- obama administration, you had the commerce department saying we want these people in and the state department saying, no, we want to keep them out. the only person that can resolve that debate in government is the president in that case or the prime minister. obama based on understanding the economic impact of people not coming to the u.s. basically instructed the state department to make changes. >> china isn't helping itself with all of the headlines with hacking and its involvement in spying potentially. maybe all allegations. but if there's political concern from the top about opening whether for tourism or work more generally, this is maybe a difficult time to make the sell. >> it's difficult. that's always the excuse that the interior ministries come out with. we produced research last year just inside the g20 countries. if the u.k., india, china, and u.s. relax some of these visa policies, it would create another five million jobs, bring another $60 million of income into the countries. security forces and interior ministers need
within the boirvegz you had the commerce department -- obama administration, you had the commerce department saying we want these people in and the state department saying, no, we want to keep them out. the only person that can resolve that debate in government is the president in that case or the prime minister. obama based on understanding the economic impact of people not coming to the u.s. basically instructed the state department to make changes. >> china isn't helping itself with...
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Jul 3, 2013
07/13
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the obama administration is delaying a key part of the president's landmark health care reform, providing coverage to all workers. the provision which was supposed to take effect in january will now be delayed until 2015. the administration says the decision comes after it heard numerous requests from businesses and lobby groups for more time to comply. the provision requires companies with 50 or more full time workers to provide affordable health coverage or face potentially large fines. >>> michael dell's plans to take his company private may have hit a snag as carl icahn steps up the pressure. sima has more. >> dell's special board committee has reportedly told michael dell he needs to sweeten his $24.4 billion buyout bid. dell and silver lake partners are currently offering to pay $13.65 a share to take the pcmaker private. carl icahn who has teamed with dissident shareholders southeastern asset management, is preparing a bid underwhich investors would tend are their shares at 14 bucks a piece. icahn said he's committed more than $3 billion or two thirds of the debt financing to back
the obama administration is delaying a key part of the president's landmark health care reform, providing coverage to all workers. the provision which was supposed to take effect in january will now be delayed until 2015. the administration says the decision comes after it heard numerous requests from businesses and lobby groups for more time to comply. the provision requires companies with 50 or more full time workers to provide affordable health coverage or face potentially large fines....
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Aug 28, 2013
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i asked him about the muslim brotherhood, did the obama administration support the muslim brotherhood too soon? were they naive? >> not naive, but they crossed many of the principles that america stands for. they closed an eye on the atrocities, closed an eye on the defendtions from institutions, closed an eye on mr. morsi attacking the judges, trying to take the power in his hand, cracking on the media. these things don't happen in the west. why did they close an eye on all that. and then when we toppled the guy, they turned against us. it was ridiculous. >> that being said, if there is a spectrum between being completely ineffectual and being able to affect policy and change in egypt, where does the u.s. rank on that spectrum right now? >> right now, it is best for them to lay low, concentrate in syria and lead us to serve our problems. >> you heard egyptian businessman saying that the americans should focus on syria and leave the egyptians to take care of egypt. they're ready and willing to do so. would you say then, i heard a story about egyptian general around the time that abdul
i asked him about the muslim brotherhood, did the obama administration support the muslim brotherhood too soon? were they naive? >> not naive, but they crossed many of the principles that america stands for. they closed an eye on the atrocities, closed an eye on the defendtions from institutions, closed an eye on mr. morsi attacking the judges, trying to take the power in his hand, cracking on the media. these things don't happen in the west. why did they close an eye on all that. and...
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Oct 21, 2013
10/13
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this is after on saturday the obama administration said nearly half a million people have applied for insurance but he wouldn't say how many have actually enrolled. the republicans criticized health secretary kathleen sebelius. they said she should testify although they've stopped from saying she should step down. >>> jack lew says the u.s. economy has been bruised by the fiscal fight in washington. he says he's confident they will recover. speaking on nbc's "meet the press," he says it's important they don't experience another round of brinkmanship. >> we know from the shutdown there was a loss of economic activity. i can't give you a number of what it is. i know the direction. the direction is that it took an economy that is fighting hard to get good economic growth going, to create jobs for the american people, and it took it in the wrong direction. >> and despite the uncertainty in washington, companies are upbeat. in the latest association by national association for business economics, 70% projected gdp growth. they're not as optimistic about hiring. 1/4 also expected rising int
this is after on saturday the obama administration said nearly half a million people have applied for insurance but he wouldn't say how many have actually enrolled. the republicans criticized health secretary kathleen sebelius. they said she should testify although they've stopped from saying she should step down. >>> jack lew says the u.s. economy has been bruised by the fiscal fight in washington. he says he's confident they will recover. speaking on nbc's "meet the press,"...
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Aug 29, 2013
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i think especially when you talk about the obama administration, they have been slightly hesitant in their processes and their policies in the middle east and i think you'll continue to see them checking out the international community, making sure what they're doing has some type of consensus. >> hadly, thanks for that t. we have just got the latest on italian auction. btp auction, five and ten years, sold 3.5 billion, the new december 20,018. the yield, 3.38%. the previous auction was on july and the yield at that was 3.22%. it is a slightly higher yield. perhaps no surprise bearing in mind we had this week, of course, the berlusconi party suggesting it may undermine the coalition government if berlusconi is banned from parliament for his tax indiscretions. they also sold 2.5 billion, 2 billion was the maximum. they sold the maximum they were looking for. yields slightly higher. >>> while we focus on syria, also focusing on commodities. brent and nymex lower today. brent, not by much. nymex at 109.27. joining us from copenhagen, ali hanson at saks. thank you for joining us. right n
i think especially when you talk about the obama administration, they have been slightly hesitant in their processes and their policies in the middle east and i think you'll continue to see them checking out the international community, making sure what they're doing has some type of consensus. >> hadly, thanks for that t. we have just got the latest on italian auction. btp auction, five and ten years, sold 3.5 billion, the new december 20,018. the yield, 3.38%. the previous auction was...
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Oct 24, 2013
10/13
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the obama administration met with top health insurance ceos yesterday, wednesday, to discuss the tech problems with the healthcare.gov website. today the house energy and commerce committee hold a hearing at 9:00 a.m. eastern time on issues with the rollout of the site, the two primary contractors are both set to testify. cnbc's bertha coombs is live in washington with more. bertha, just for our european viewers, the global viewers who may not be up to speed with this story, update us and tell us what's been happening. >> well, initially, we saw the beginning of open enrollment. that's the time when you can sign up. it runs for six months. and, actually, you really had to have your duck necessary a row in terms of signing up for insurance by mid february in order not to be without insurance for three months in a row. that's when the penalty that is part of the affordable care act kicks in. now the administration has said sign up by march 311th. so in a sense, they slide an extra six weeks for br people to be able to sign up before incurring a penalty. the reason is because of a lot of
the obama administration met with top health insurance ceos yesterday, wednesday, to discuss the tech problems with the healthcare.gov website. today the house energy and commerce committee hold a hearing at 9:00 a.m. eastern time on issues with the rollout of the site, the two primary contractors are both set to testify. cnbc's bertha coombs is live in washington with more. bertha, just for our european viewers, the global viewers who may not be up to speed with this story, update us and tell...
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Sep 2, 2013
09/13
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. >>> still to come, syrian government's label the obama administration's decision to delay action as an historic military retreat. more after this. secretary of state john kerry defends the decision. >> the united states is strongest when the congress speaks with the president, when the american people are invested because we've had an appropriate vetting of all of the facts. >> shares of vodafone rises. in a $130 billion deal which will be announced today. cnbc learns it's lined up a $60 billion bridge loan. >>> the german chancellor angela merkel finds herself on the defensive with her only debate with peer steinbruk. he accuses her of miss managing the european debt crisis. >> announcer: you're watching world wild -- "worldwide exchange." >>> "worldwide exchange" is an extra hour today. the united states is taking an extra break signifying the end of summer. the ftse is off 3% in august. the first trading day of september. the central dax up 1.7%. really strong pmi out of the u.k. the fastest pace in 20 years. the cac karant. and that pmi for china is helping copper up 1.7%, but a
. >>> still to come, syrian government's label the obama administration's decision to delay action as an historic military retreat. more after this. secretary of state john kerry defends the decision. >> the united states is strongest when the congress speaks with the president, when the american people are invested because we've had an appropriate vetting of all of the facts. >> shares of vodafone rises. in a $130 billion deal which will be announced today. cnbc learns...
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Sep 6, 2013
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foreign policy we have seen now in over -- in five plus years of the obama administration. >> meanwhile, italian prime minister enrico leta is reportedly brushing off questions about the future of his government. that comes as one of silvio berlusconi's aide nicknamed her the pipenness said the billionaire had a video ready announcing he's pulling support for the coalition. now, this video could be played on monday if a senate committee votes to strip berlusconi of his seat in parliament following a conviction for tax fraud. ross, where you are, the setting is so inconsiderably beautiful, and it certainly belies the political drama that is once again unfolding in italy. based on what you're hearing on the ground, are people really concerned about the fall of the government, of the coalition government, or is this once again political posturing that we're so used to from berlusconi's camp? >> no, i think people are absolutely concerned. it is a real threat. it is a threat that people believe -- i've spoken to this morning, berlusconi would follow through on if -- if he's kicked out of th
foreign policy we have seen now in over -- in five plus years of the obama administration. >> meanwhile, italian prime minister enrico leta is reportedly brushing off questions about the future of his government. that comes as one of silvio berlusconi's aide nicknamed her the pipenness said the billionaire had a video ready announcing he's pulling support for the coalition. now, this video could be played on monday if a senate committee votes to strip berlusconi of his seat in parliament...
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Oct 4, 2013
10/13
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but i think the obama administration is right to really put their foot down this time because otherwise it might become a very regular reoccurrence. >> we saw the s&p having its worst session for a month yesterday, down 15 points. the dow having its biggest decline in two weeks. are we going to -- we've been fairly sanguine up until yesterday. will we get twitchity as investors? >> i think we. and i'm welcoming this a little bit. it might create a sense of urgency with republicans that they should stop playing these game. it's more the tea party really than the republicans. >> that's what the president was talking about to john harwood, the markets should be concerned, he would like the markets to put pressure on them. i don't think the tea party or republicans will change. they're representing the interests of their -- when they go back to their constituencies, they are doing what they're told to do. the question is whether john boehner just cuts them loose. >> something like that i think is what we're expecting the outcome of this to be. i do not expect that we will actually go over t
but i think the obama administration is right to really put their foot down this time because otherwise it might become a very regular reoccurrence. >> we saw the s&p having its worst session for a month yesterday, down 15 points. the dow having its biggest decline in two weeks. are we going to -- we've been fairly sanguine up until yesterday. will we get twitchity as investors? >> i think we. and i'm welcoming this a little bit. it might create a sense of urgency with...
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Oct 8, 2013
10/13
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the obama administration has blamed the high volume as being the main problem. they are adding servers but they say say they are trying to address some of the software flaws, as well. this is the first time there's been the glurchb associated with the launch of a federal program. the medicare prescription drug program in 2006 was marched with problems. officials who oversaw that program say there's still enough time to fix the health exchanges before uninsured people and those seeking insurance need to get coverage starting on january 1st. they have to be -- have their applications filled out by december 15th. as for how many people are managing the sign up, the white house says the administration is not going to be releasing enrollment figures on an hourly or daily or weekly basis. officials say they will report the number of visitors up to this point. it's up to 8.5 million visitors in the last few days. i did talk to an official from cigna and he says they are starting to see some of those applications come through and people enrolled. he didn't tell me how m
the obama administration has blamed the high volume as being the main problem. they are adding servers but they say say they are trying to address some of the software flaws, as well. this is the first time there's been the glurchb associated with the launch of a federal program. the medicare prescription drug program in 2006 was marched with problems. officials who oversaw that program say there's still enough time to fix the health exchanges before uninsured people and those seeking insurance...
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Aug 21, 2013
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the obama administration has been criticized for not bringing criminal charges against any top executives over the 2008 market meltdown. >>> deliveries of aluminum to warehouses run by big banks and trading firms have reportedly plunged this summer. the wall street journal says the slump reflects the retreat by banks from the once lucrative commodities business amid stagnant markets and increased scrutiny. shipment was down 79% this month versus two months ago. >>> let me just bring you numbers from bank of communication, if you bear with me just a second. bank of communications says second quarter net profit was at 17.1 billion yuan. first half net profit stood at 34.8 billion yuan. this is against a forecast of 34.39 billion yuan. just a tad better than forecast. bocom says newshamy stays as chief of the bank. >>> just how smart could your living space be? after the break, we look at the microapartment boom taking place in some u.s. cities. we'll be back in two. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed w
the obama administration has been criticized for not bringing criminal charges against any top executives over the 2008 market meltdown. >>> deliveries of aluminum to warehouses run by big banks and trading firms have reportedly plunged this summer. the wall street journal says the slump reflects the retreat by banks from the once lucrative commodities business amid stagnant markets and increased scrutiny. shipment was down 79% this month versus two months ago. >>> let me just...
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Mar 7, 2013
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. >> what about the comments we're getting that perhaps the obama administration is getting more serious about breaking up the big banks? >> i think there's still a lot of risk for the banking sector, the political atmosphere is still quite fraught and maybe more fraught. there's an john shroud of regulations and it remains to be seen how costly those are. you could make the argument that banks have made a lot of money in past decades of this expansion of credit ask debt and the developed world. without that, if all the developed economies need to be retrenching, i think it's still a challenging environment for banks. >> i want to go back to the point you made about banks being generally overcapitalized. is that a fair statement to make? i realize that relative to where we were, certainly capital levels have improved. but are we where we feed to be? >> right. well, banks argue that they're overcapitalized. some economists arguing that levels aren't high enough to with stand potential problems like we saw in 20308. and i think this is going to be an ongoing argument between economists, ac
. >> what about the comments we're getting that perhaps the obama administration is getting more serious about breaking up the big banks? >> i think there's still a lot of risk for the banking sector, the political atmosphere is still quite fraught and maybe more fraught. there's an john shroud of regulations and it remains to be seen how costly those are. you could make the argument that banks have made a lot of money in past decades of this expansion of credit ask debt and the...
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Nov 11, 2013
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he wants the obama administration to provide more information on the u.s. attack on benghazi. several other republicans have threatened to put holds on yellen's nomination. senate confirmation hearing is set for thursday. daniel, if there's any delay in her confirmation, is that going to spook anybody? >> it really shouldn't, but i think it also highlights a broader point. think of all the time we spent worrying about the debt ceiling. the risk in washington is more from the fed and not congress. even if we get a bit of delay at the beginning of next year. as we saw with the gdp figures, it isn't likely to have a meaningful impact on the economy. what's going to matter in terms of the markets is going to be the attitude of the fed, pace, speed, mechanism of tapering. that's what we should focus on as opposed to a nomination being delayed. >> how do we trade from now through the end of the holiday season? >> assuming we get relatively benign positive but not too strong economic numbers. we have the expectation for tapering not coming until the end of the year, it is reasonably
he wants the obama administration to provide more information on the u.s. attack on benghazi. several other republicans have threatened to put holds on yellen's nomination. senate confirmation hearing is set for thursday. daniel, if there's any delay in her confirmation, is that going to spook anybody? >> it really shouldn't, but i think it also highlights a broader point. think of all the time we spent worrying about the debt ceiling. the risk in washington is more from the fed and not...
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May 8, 2013
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. >> lew says getting rid of the que sequester is something obama administration thinks is urgent but doesn't think raising debt ceilings will be disruptive to the economy because nobody wants to threat an default. >>> a republican with a liqu libertarian view says the act imposes on privacy. he said his bill would repeal privacy protection. very little chance of success in a democratically controlled senate. >>> the spring art auction season kicked off last night in new york. a large selection of modern art piece were sold. that's near the high presell estimate. the highlight apples. a still life from 1889 that went for $41 million. a picasso topped estimates 9.7 million. and madonna sold her 1921 painting three women at a red table for 7.1 million. proceeds went to her ray of life foundation celebrating girls education in the middle east and south asia. >>> coors missed expectation. we'll take a look at the battle of the brewers when we come back. i want to make things more secure. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announ
. >> lew says getting rid of the que sequester is something obama administration thinks is urgent but doesn't think raising debt ceilings will be disruptive to the economy because nobody wants to threat an default. >>> a republican with a liqu libertarian view says the act imposes on privacy. he said his bill would repeal privacy protection. very little chance of success in a democratically controlled senate. >>> the spring art auction season kicked off last night in new...
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Jun 6, 2013
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the guardian says it's the first time under the obama administration that communication records of u.s. citizens are being collected indiscriminantly and regardless of whether they're suspected of any wrongdoing. the broad nature of the records being collected is usual. fifa court orders usually can't records pertaining to a specific target or a limited set of individually named people. the nsa was criticized during the bush administration for conducting warrantless wire taps. the "guardian" says the law under which the court order relies on is in the business records division of the patriot act. verizon isn't commenting. the white house is directing questions to the nsa, which is so far not commenting on that record in "the guardian." ross, back over to you. >> hampton, thank you very much indeed for that. >>> european equity ries are bucking the trend over the global trading hour. ecb's mario draghi expects to restrain from any extraordinary measures today. the bank of england's mervyn king is taking his final bow on a rate decisions from bank of england. jeffrey kaszenberg, has told
the guardian says it's the first time under the obama administration that communication records of u.s. citizens are being collected indiscriminantly and regardless of whether they're suspected of any wrongdoing. the broad nature of the records being collected is usual. fifa court orders usually can't records pertaining to a specific target or a limited set of individually named people. the nsa was criticized during the bush administration for conducting warrantless wire taps. the...
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Apr 3, 2013
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. >>> obama administration pushing u.s. banks to make more home loans to people with weaker credit. sounds like stories of the past. "the washington post" reports the president's economic advisers say the housing market is leaving too many behind as it rebounds especially young people looking to buy their first home and those whose credit reports were hurt by the recession. housing officials are urging they won't face penalties to people who later default. it opens the door to risky lending that led to the housing crisis in the first place. the same is happening here in britain. >>> bp put its wind power business up for sale. the unit is worth $1.5 billion is a retreat from alternative energy to focus on core oil and gas operations. wind power is one of the largest renewable businesses and bp is among the largest u.s. wind generators. shares are just fractionally higher in london today. that's outperforming the market. hash tag earnings. s.e.c. making a big decision regarding company news and social media. bertha coombs at cnbc global headquarters with more on the s.e.c.'s decision.
. >>> obama administration pushing u.s. banks to make more home loans to people with weaker credit. sounds like stories of the past. "the washington post" reports the president's economic advisers say the housing market is leaving too many behind as it rebounds especially young people looking to buy their first home and those whose credit reports were hurt by the recession. housing officials are urging they won't face penalties to people who later default. it opens the door...
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Nov 14, 2013
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the obama administration's original forecast was to have 500,000 people enrolled through healthcare.gov in the first month. numbers weren't broken out by age group or how many enrolled online. >>> boes boeing's machiing's mas rejected a new contract offer. the movement could cost thousands of jobs in washington state, securing years of work on boeing's income generation plane. the deal would have terminated pension plans and raised health care costs. boeing will consider building parts of the jet in nonunion u.s. states or in japan. >>> still to come, she beat a whole host of qualified candidates to become president obama's choice to replace bernanke at the fed. can janet yellen win over the senate, too? we'll preview that right after this. welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat
the obama administration's original forecast was to have 500,000 people enrolled through healthcare.gov in the first month. numbers weren't broken out by age group or how many enrolled online. >>> boes boeing's machiing's mas rejected a new contract offer. the movement could cost thousands of jobs in washington state, securing years of work on boeing's income generation plane. the deal would have terminated pension plans and raised health care costs. boeing will consider building parts...
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Dec 20, 2013
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. >>> the obama administration is relaxing rules of the health care law for millions of americans whose individual insurance policy have been canceled. last night, washington said those with cancellations can buy bare bone plans or entirely avoid the retirement that most americans have health coverage. consumers with canceled health plans can now buy skimp insurance known as catastrophic coverage. >>> the u.s. treasury secretary has urged congress to raise the debt ceiling. officials predict government departments will she able to juggle budgets until late february next year before another government shutdown is triggered. >>> european equities ahead of the u.s. open have been firmer, not by much. we've now come back down to the flat line between the ftse and the cac. the italian market is now flag. u.s. futures have been ticking, adjusting a small bounce ul ward to the stop. 27 points above fair value for the dow. the nasdaq around 7 points above fair value. and the s&p 500 just over 2.5 points above fair value. as for the agenda today, we get final readings on third quarter gdp. there
. >>> the obama administration is relaxing rules of the health care law for millions of americans whose individual insurance policy have been canceled. last night, washington said those with cancellations can buy bare bone plans or entirely avoid the retirement that most americans have health coverage. consumers with canceled health plans can now buy skimp insurance known as catastrophic coverage. >>> the u.s. treasury secretary has urged congress to raise the debt ceiling....
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May 23, 2013
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that decision has been pending with the obama administration since 20308. the bill is likely to face failure in the senate and president obama has promised a veto. >>> a reuters poll will suggest rates will remain unchanged, but a rate cut could come later in the year. the rand falling to a four-year low ahead of further labor unrest in the mining sector. the london listed asset firm faces earnings up 18%. it did hit results in sterling terms. the group's ceo said earlier he was confident about investment flow. >> we believe that it should be sustained and we believe we are penetrating our markets. a lot of cross collaboration across our organization which we've been working very hard on. so we believe that we should still be able to see good net inflows. >>> meanwhile, on other multi national corporations continue to step up investment across the continent. the ceo was optimistic about growth potential relative to the rest of the world. >> the major portion of our operating business is in emerging markets and we've seen very strong growth, for example, in
that decision has been pending with the obama administration since 20308. the bill is likely to face failure in the senate and president obama has promised a veto. >>> a reuters poll will suggest rates will remain unchanged, but a rate cut could come later in the year. the rand falling to a four-year low ahead of further labor unrest in the mining sector. the london listed asset firm faces earnings up 18%. it did hit results in sterling terms. the group's ceo said earlier he was...
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Jan 11, 2013
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in fact, many would say that the obama administration's foreign policy have been one of its most successful areas. he was long fit for this post, kerry, that is. >> you have set this up on raising the debt ceiling, wider agreement over getting any kind of grand bargain. where do we now go? he has his new team. >> not yet. they need to be confirmed. >> they need to be confirmed, obviously, but as we head towards a debt ceiling which has to be raised by the middle of february, effectively. >> there are quite a few new seens to do with the budget, continuing resolutions, sequestration only postponed. all of this is exactly what we expected at year-end. so the fiscal cliff was so 2012, 2013 is all about the budget. more or less, you've got the same actors in place making the decisions in congress and in the white house. jack lew is himself a washington insider. he's well known to congress and he's there to shepherd the process along. he's not got the wall street experience that a lot of people on the street might be hoping for. but he really knows how to move the process forward. >> is that exp
in fact, many would say that the obama administration's foreign policy have been one of its most successful areas. he was long fit for this post, kerry, that is. >> you have set this up on raising the debt ceiling, wider agreement over getting any kind of grand bargain. where do we now go? he has his new team. >> not yet. they need to be confirmed. >> they need to be confirmed, obviously, but as we head towards a debt ceiling which has to be raised by the middle of february,...
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Dec 31, 2013
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that's well short of the 3.3 million the obama administration projected it would enroll by december 21st. with three more months to go, experts think millions more may sign up. certainly now it's going to be more difficult to engage chemical with no real pressure until the march 31st deadline. here is what what will start happening over the next few days. tomorrow, people who have enrolled obama care by the deadline will learn whether they are actually covered. insurers have continued to receive applications with errors in them, missing information about individual enrollees or multiple enrollees. it's unclear how many applications are affected by those measures. january 10th is the extended deadline when insurance premium payments are due for that coverage to on kick in. in many cases, insurers will retroactively start the coverage to the 1st. some states that are running their own exchanges are allowing customers to pay through january 15th. insurers are reportedly scrambling to finalize hundreds of thousands of those last-minute applications as they continue to deal with the fallout f
that's well short of the 3.3 million the obama administration projected it would enroll by december 21st. with three more months to go, experts think millions more may sign up. certainly now it's going to be more difficult to engage chemical with no real pressure until the march 31st deadline. here is what what will start happening over the next few days. tomorrow, people who have enrolled obama care by the deadline will learn whether they are actually covered. insurers have continued to...
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Dec 2, 2013
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the obama administration says it doubled the capacity to the site. it can handle 50,000 viewers simultaneously. the peak traffic in the coming weeks might eclipse the new capacity as people sign up for the new health care plans by december 23rd. >>> still to come, december's historically been one of the best months of the year. will the markets play santa or scrooge for investors this year. we'll be having more insight. we'll be going to the cme as well. [ imitating engine revving ] that's mine. ♪ that's mine. ♪ that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. now get the best offers of the season. current lessees with an expiring lease get this 2014 ats for around $299 a month. ♪ just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks wit
the obama administration says it doubled the capacity to the site. it can handle 50,000 viewers simultaneously. the peak traffic in the coming weeks might eclipse the new capacity as people sign up for the new health care plans by december 23rd. >>> still to come, december's historically been one of the best months of the year. will the markets play santa or scrooge for investors this year. we'll be having more insight. we'll be going to the cme as well. [ imitating engine revving ]...
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Dec 11, 2013
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but healthcare.gov has been a big, big problem for the obama administration. kathleen sebelius will be testifying this morning before the house energy and commerce committee. she's going to taught the improvements on the website since they've had their fix. since december 1st, things have been rolling along. nonetheless, it's been a very, very rocky start, to say the least. >> the moral is that health can really damage you, right? >> yeah, yeah. certainly the health of your administration or the way people perceive it. >> thanks for that, bertha. always good to see you. have a great day. >>> meanwhile, they came in like a wrecking ball, not bertha, but risque pop star miley cyrus. is this really a symbol of the way we live? "time" magazine editor nancy gibbs has included the singer on the list of this person of the year title. pope francis, edward snowden and jeff bezos also made the top ten. it's knots not necessarily about whether you're a good person or a bad person. it's about have you been in the news a lot, i suppose. the winner will be announced later t
but healthcare.gov has been a big, big problem for the obama administration. kathleen sebelius will be testifying this morning before the house energy and commerce committee. she's going to taught the improvements on the website since they've had their fix. since december 1st, things have been rolling along. nonetheless, it's been a very, very rocky start, to say the least. >> the moral is that health can really damage you, right? >> yeah, yeah. certainly the health of your...
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Mar 1, 2013
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it's in the obama administration's time so make sure the republicans get the right message. but the economic impact is not so great. these tax adjustments are going to be positive from the effect coming from the stock market. >> ross, do you want to walk us through that? >> yeah. it's the first trading day of the month. looking back at what happened in february, as well, march the 1st. weighted to the upside. less than six to four advancers outpace decliners at the moment, kelly. ftse 100 up nine months in a row, the longest winning streak since 1997. up around 1.3% on the month. upper 16 points today. the xetra dax is up nine points. ibex up 0.25% at the moment. it was down over 8% during the last month. the ftse mib down today, also. been a big loser during the month of february. some individual stocks we're looking at, areeva says it's sticking with its target to sell and build ten nuclear reactors by 2016. after the bell last night, the group revealed a doubling risk for just over 2 billion euros. the stock downmildly. thales is doing okay, up 13% this morning. the frenc
it's in the obama administration's time so make sure the republicans get the right message. but the economic impact is not so great. these tax adjustments are going to be positive from the effect coming from the stock market. >> ross, do you want to walk us through that? >> yeah. it's the first trading day of the month. looking back at what happened in february, as well, march the 1st. weighted to the upside. less than six to four advancers outpace decliners at the moment, kelly....
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Nov 12, 2013
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. >>> now, the obama administration has set the numbers low for health care programs. courtney reagan is joining us from cnbc headquarters. >> what a bit of a mess this has been. the u.s. government could be under added pressure following a report in the "wall street journal" that the number of people taking part in obama care is falling short of expectations. the journal says fewer than 50,000 people were able to sign up for health insurance plans last month through the federal healthcare.gov website which has been plagued by a score of tech issues. the data is from 38 states. official enrollment data won't be released until sometime later this week. on monday, health care research firm alavare put out a report saying states operating their own online exchanges have signed up about 49,000 people, which is 3% of the enrollment predictions for all of 2014. the congressional budget office said as many as 7 million americans were expected to sign up for private health insurance via online marketplaces next year. a spokesperson for the department of health and human servic
. >>> now, the obama administration has set the numbers low for health care programs. courtney reagan is joining us from cnbc headquarters. >> what a bit of a mess this has been. the u.s. government could be under added pressure following a report in the "wall street journal" that the number of people taking part in obama care is falling short of expectations. the journal says fewer than 50,000 people were able to sign up for health insurance plans last month through...
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Jan 15, 2013
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now, former obama administration members are weighing in on the debate. larry summers, a top white house economics adviser as well as secretary under clinton spoke with cnbc's bernie lowe just today. >> everybody should, before meeting the debt obligations of the united states, and then there needs to be a vigorous and active discussion around what is a very real problem. the sustainability over the long-term of the u.s. financial position, which surely needs be addressed in a balanced way with both measures on the expenditure side and measures on the revenue side. >> phillip, how are you? >> i'm fairly cynical about the whole process. >> about u.s. politics? >> well, the other side, as well. i think you can make a pretty good case for abolishing the debt ceiling completely. that's not go to happen in the short-term. we've seen this time and time again. we know that these negotiations are being conducted across polarized camps in congress and the administration and that the likely event is that nothing is going to be agreed at until the 11th hour, right a
now, former obama administration members are weighing in on the debate. larry summers, a top white house economics adviser as well as secretary under clinton spoke with cnbc's bernie lowe just today. >> everybody should, before meeting the debt obligations of the united states, and then there needs to be a vigorous and active discussion around what is a very real problem. the sustainability over the long-term of the u.s. financial position, which surely needs be addressed in a balanced...
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Jan 10, 2013
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this comes as the obama administration delivers the message to britain saying you're special, but only special if you stay at the heart of the eu. they're under pressure to renegotiation the relationship with brussels. but the u.s. assistant secretary said such a plan would have major consequences. as chairman of the business in europe outlined on cnbc last night. >> we don't want to run the risk of trying to set the bar too high in the sense that there's some fantastic renegotiation we can have where we can cherry pick the bits we like, get rid of the bits we don't, because the chances of that happening are probably close to zero. so we don't want to see any risk in our membership. we want more reform by absolutely we do. we made that very clear in the letter. but we don't want to risk or membership because our membership is responsible for millions of jobs and underpins our future prosperity. >> so that debate is going to em. at the same time, david, you think the pound is going to come under pressure. it's a triple cocktail that's going to undermine it. what is that? >> yeah. that's
this comes as the obama administration delivers the message to britain saying you're special, but only special if you stay at the heart of the eu. they're under pressure to renegotiation the relationship with brussels. but the u.s. assistant secretary said such a plan would have major consequences. as chairman of the business in europe outlined on cnbc last night. >> we don't want to run the risk of trying to set the bar too high in the sense that there's some fantastic renegotiation we...
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May 20, 2013
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administration has opened the era to exports. the move comes as part of a heated debate. the energy department's approval of natural gas exports ends a two-year pause in its reviews that selling abroad could harm u.s. manufacturers. >>> so what we've seen is oil trading a little lower when it comes to selling off in the reason of 0.5%. aretha is with us in the studio. what do you think is taking place in commodities at the moment and in particular, your area, oil? >> through the start of this year, we have a pretty strong start to commodities during the first half. but since then, we have had had a broader theme of the investor side got us thinking, okay, moving away from commodities going back into equities. so we have seen some of that. but different commodity res showing different fundamentals. >> how much of a driver t notion of u.s. energy independence? sgliets one of the reasons why oil has struggled to go up a little bit even in the shorter term has become quite compelling. the u.s. is producing a lot of gas and oil. by 20
administration has opened the era to exports. the move comes as part of a heated debate. the energy department's approval of natural gas exports ends a two-year pause in its reviews that selling abroad could harm u.s. manufacturers. >>> so what we've seen is oil trading a little lower when it comes to selling off in the reason of 0.5%. aretha is with us in the studio. what do you think is taking place in commodities at the moment and in particular, your area, oil? >> through the...
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Apr 10, 2013
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still to come, it's a big day in washington as the obama administration presents its budget for 2014. will the president get the grand bargain he's hoping for? we'll talk about it when we come back. >>> a reminder of where futures are trading. a record close for the dow yesterday. we could get another one today. >>> you're watching "worldwide exchange." a recap of headlines today. european stocks pick up following a record close on wall street. action now turning to fed minutes released later today. >>> a surge in imports leads china to signal the domestic economy is still alive and kicking and south korean and japan remain on guard. new reports suggest pyongyang may be preparing to launch a missile test any day now. >>> sign, sealed and about to be delivered. president obama sends his annual budget to congress today with both democrats and republicans objecting to his plans to cut the u.s. deficit. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> just joined us stateside, good morning to you. be aware of the record close on the
still to come, it's a big day in washington as the obama administration presents its budget for 2014. will the president get the grand bargain he's hoping for? we'll talk about it when we come back. >>> a reminder of where futures are trading. a record close for the dow yesterday. we could get another one today. >>> you're watching "worldwide exchange." a recap of headlines today. european stocks pick up following a record close on wall street. action now turning to...
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Sep 12, 2013
09/13
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and i think that's why the obama administration is being cautiously optimistic about these talks. they're expected to sit for about two days to talk about this. what they're looking for from assad is how much he has and where he's holding them in syria. also, you've got in the "new york times" editorial from president putin putting the pressure once again on president obama. basically he's sort of lost the ability to shape events. he's basically at this point, president obama seems like he's playing catchup. so in terms of how that's paying with the american people. >> yes. but we believe there will away meeting today. there's no reason to -- >> no, absolutely there is going to be a meeting. >> that's a decisive shift, right? because we had the g-20 just the end of the last week and -- >> no international consensus whatsoever in terms of what to do. >> exactly. so at this point, you're going to have to days of talks. the americans want that information about the chemical weapons. they're taking people from the state department, from the state department, and they're taking, as wel
and i think that's why the obama administration is being cautiously optimistic about these talks. they're expected to sit for about two days to talk about this. what they're looking for from assad is how much he has and where he's holding them in syria. also, you've got in the "new york times" editorial from president putin putting the pressure once again on president obama. basically he's sort of lost the ability to shape events. he's basically at this point, president obama seems...
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Jan 23, 2013
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the obama administration and other factors in the united states give the united states -- about 20% of gpd s in health care. the baby-boomers are retiring, they will spend on artificial hips, knees, and have the money to do it. that will be a great area. the third area is manufacturing. there's a revolution going on in manufacturing in the united states because of low cost energy. as a result, you're seeing more in-sourcing now. manufacturing is doubling its rate of growth compared to gdp growth in the united states. attractive area. >> and you mention the debt is cheap, right? are we going to see a mini lbo boom? >> well, i suspect there will be more deals this year than last year. there weren't that many deals the last six months. interest rates will probably stay low for a year or so. bernanke is committed to keeping it low. as people realize it will go up, people will take opportunities of the low interest rate now. >> what's happening in washington from your standpoint? are you expecting a new fight around the debt ceiling in the united states? where are you in terms of this uncer
the obama administration and other factors in the united states give the united states -- about 20% of gpd s in health care. the baby-boomers are retiring, they will spend on artificial hips, knees, and have the money to do it. that will be a great area. the third area is manufacturing. there's a revolution going on in manufacturing in the united states because of low cost energy. as a result, you're seeing more in-sourcing now. manufacturing is doubling its rate of growth compared to gdp...
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Sep 26, 2013
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at 11:50 cet, our guest says the dollar is suffering and it is time for the obama administration to get a grip. >>> plus, the two gridiron games in london this year. this week, the minnesota vikings and pittsburgh steelers are in the british capital for a showdown. we'll talk to the mayor of minnesota on the game as well as tackling some of the current health of u.s. cities. >> i like that. anyway, did warm weather in europe this summer leave retailers out in the cold? we will check in on the uk's high street. that is coming up next. stay with us. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ new cuts on wages and pevengzs are out of the question. echoing the recent remarks from the finance minister that there will be no more austerity. >>> meanwhile, growing backlash ag
at 11:50 cet, our guest says the dollar is suffering and it is time for the obama administration to get a grip. >>> plus, the two gridiron games in london this year. this week, the minnesota vikings and pittsburgh steelers are in the british capital for a showdown. we'll talk to the mayor of minnesota on the game as well as tackling some of the current health of u.s. cities. >> i like that. anyway, did warm weather in europe this summer leave retailers out in the cold? we will...